Most Profitable Investment Options for Salaried Individuals

For salaried individuals, there is a predictable structure in the inflow and outflow of cash. There is a fixed salary that is received every month and the expenses too are consistent in nature, which helps in keeping aside a portion of the income as savings. These savings can be invested in profitable investment vehicles to earn interest and to build a corpus.

Fixed DepositsThese are the best investment option for salaried person when you have a lump sum like past savings or a bonus to invest. Being very safe, they are highly preferred by individuals who are averse to taking any financial risk.

FDs are offered both by banks and Non-Banking Financial Companies (NBFCs), but in the present moment, the latter are providing higher interest income for the same tenure.

Public Provident Funds (PPF)

Backed by the Government of India, PPF involves periodic investments for a decided tenure to earn interest on the same at the rate of around 8% per annum. PPFs have a lock-in period of 15 years.